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Oct 17, 2013
10/13
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ALJAZAM
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and wall street never doubted that the debt ceiling wouldn't be raised. so for me that's the remarkable thing, that wall street completely ignored washington, d.c., just set it to one side, and to it? of the opinion that the economists and investors, and market makers are of the opinion that maybe the biggest hurdle to sustain and enhance growth in the u.s. economy are the elected representatives in washington, d.c., based on the fact we could back here in three month's time. >> a lot of that data that we refer to has been backed up because of the shutdown. when is that going to be released? and how will it effect the ma t mafkt -- market? >> that's a good point. there is no piece of information that is more important in the world than the [ inaudible ]. and in october we were in furlough, so the figures didn't come out, so we don't know what the jobs report was for october. these are numbers geeks here, they love to crunch numbers. so i'm not sure if we will get a interim figure, or they will dump it into november. i don't know, but you need these number
and wall street never doubted that the debt ceiling wouldn't be raised. so for me that's the remarkable thing, that wall street completely ignored washington, d.c., just set it to one side, and to it? of the opinion that the economists and investors, and market makers are of the opinion that maybe the biggest hurdle to sustain and enhance growth in the u.s. economy are the elected representatives in washington, d.c., based on the fact we could back here in three month's time. >> a lot of...
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Oct 11, 2013
10/13
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CSPAN
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debt ceiling is not raised later this month. the u.s. government collects enough in taxes each month to finance interest on the debt." again, i'm not trying to trivialize this scenario, but i do think it is important to talk precisely about we are -- about what we are talking about. i don't think it is accurate to talk about if we default next week. i don't think there's any need, any chance of defaulting next week. does anybody disagree with that, defaulting on payments on government securities? >> senator, i agree with you. however, let me tell you what is happening at the street level. the confidence of our buyers and sellers is waning very rapidly. we have transactions canceling right now. we have people not being able to get loans. we can't get beyond where we are at. it is going to go backwards very fast. yes, you could probably mechanically do all of this, but the confidence of the american people is going to be really in the toilet. >> mr. thomas, let me pick up on another comment of yours. in your testimony, you sort of
debt ceiling is not raised later this month. the u.s. government collects enough in taxes each month to finance interest on the debt." again, i'm not trying to trivialize this scenario, but i do think it is important to talk precisely about we are -- about what we are talking about. i don't think it is accurate to talk about if we default next week. i don't think there's any need, any chance of defaulting next week. does anybody disagree with that, defaulting on payments on government...
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Sep 25, 2013
09/13
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the leverage is not raising the debt ceiling. the american people do not want unrelated items being used as leverage around shutting down the government are increasing down the government or increasing the debt ceiling. -- kyle is on our line for democrats. georgia. you are on with charisma john delaney. caller: i am not a democratic caller. i don't want to misrepresent your position, but something you said concerned me. -- seem to scene brush off the debt crisis, and increasing of the debt ceiling, it is kind of like a false argument. is it your position it is not a big deal? and, two, would there be a debt figured that you would be concerned we would not be able to dig our way out of? guest: that is a good question. i do think we have a debt issue in this country but the debt ceiling is not central to that issue. the debt ceiling has to be raised because of commitments congress has already raised. across the last several congress is going back 10 or 15 years we made spending decisions am a taxing decisions, commitments. and we
the leverage is not raising the debt ceiling. the american people do not want unrelated items being used as leverage around shutting down the government are increasing down the government or increasing the debt ceiling. -- kyle is on our line for democrats. georgia. you are on with charisma john delaney. caller: i am not a democratic caller. i don't want to misrepresent your position, but something you said concerned me. -- seem to scene brush off the debt crisis, and increasing of the debt...
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Oct 15, 2013
10/13
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ALJAZAM
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and raising the debt ceiling high enough to last until mid february. a key question, can house speaker john boehner get a senate deal through the house? so far conservatives have pushed the speak tore adop speaker to e on cutting spending and rolling bako bomb a care. they are weary of boehner. dismayed when forced to swallow the fiscal cliff deal in january. this time was to be different. but their strategy of tying government fund to go cutting obama care has failed. and with two days to go before possible default, house conservatives are back on the sideline. while senate gop leader mitch mcconnell searches for a last-minute deal with democrats. >> perhaps tomorrow will be a bright day. we are not there yet, we hope it will be. >> reporter: negotiations are at such a sensitive stage it was dealed as a positive development with a 3:00 p.m. monday meeting called here at the white house between house and senate leaders was postponed because they were hammering out details behind closed doors. back to you. >> thank you, mike viqueira reporting from the
and raising the debt ceiling high enough to last until mid february. a key question, can house speaker john boehner get a senate deal through the house? so far conservatives have pushed the speak tore adop speaker to e on cutting spending and rolling bako bomb a care. they are weary of boehner. dismayed when forced to swallow the fiscal cliff deal in january. this time was to be different. but their strategy of tying government fund to go cutting obama care has failed. and with two days to go...
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Sep 28, 2013
09/13
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ALJAZAM
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congress must raise the debt ceiling in three weeks, not raising the debt can spark immediate chaos and prompt a recession. today on twitter and facebook, we would be asking you, how would a government shutdown effect you. melissa says . . . tell us what you think by tweeting us @ali velshi and @ajmoney. joining us is a woman who has already had to close two projects and has a contingency plan in place she joins us from arlington, virginia. what are you doing to prepare and what is your business doing to prepare. >> we're delivering on our contingency plan and communicating with our employees and our clients, which is the government. >> how much of an economic hit would a government shutdown be to you. >> we're going to take a large hit as many small businesses will. so we are very nervous and very uncertain in these times. >> how many workers are you talking about that you may have to layoff or projects -- how many people are involved in these projects that you have stopped? >> well, we have -- you know, well over 80 people working on projects, and it's really uncertain exactly how man
congress must raise the debt ceiling in three weeks, not raising the debt can spark immediate chaos and prompt a recession. today on twitter and facebook, we would be asking you, how would a government shutdown effect you. melissa says . . . tell us what you think by tweeting us @ali velshi and @ajmoney. joining us is a woman who has already had to close two projects and has a contingency plan in place she joins us from arlington, virginia. what are you doing to prepare and what is your...
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Jan 14, 2013
01/13
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CSPAN
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have party been racked up, and we need to pay them. so while i am willing to compromise and find common ground for how to reduce the deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's bills on time, social security checks, veterans benefits will be delayed. we might not be able to pay our troops or honor our contracts with small-business owners. food inspectors, air traffic controllers, specialists who track down loose nuclear materials would not get their paychecks. investors around the world will ask if the united states of america is in fact a safe bet. markets could go haywire. interest rates would spike for anyone who borrowed money. every homeowner with a mortgage, every student with the business -- every student with the student
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have party been racked up, and we need to pay them. so while i am willing to compromise and find common ground for how to reduce the deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's...
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Sep 30, 2013
09/13
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CSPAN
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this is because it is so important to raise the debt ceiling. the republicans are saying this is our chance to get what we want and what we think is right for the country. most countries do not have a debt ceiling. they just pay the bills that toy incur and do their best have as little debt as they can get away with. the debt ceiling was put in place to create situations like this, to raise pressure on both , to give a party that might not have a majority the ability to put pressure on the majority for concessions. you can argue whether it is healthy or unhealthy, but its very existence leads to the kind of showdown we are having now. question about where the money comes from when we raise the debt ceiling. why can't we just print more money? aren't we doing that every month now? guest: right. ok, it is really important to distinguish between the banking system, the federal reserve and the banks, and how money is created in a modern capitalistic economy versus what the government spends. congress does not have any right to print money. the feder
this is because it is so important to raise the debt ceiling. the republicans are saying this is our chance to get what we want and what we think is right for the country. most countries do not have a debt ceiling. they just pay the bills that toy incur and do their best have as little debt as they can get away with. the debt ceiling was put in place to create situations like this, to raise pressure on both , to give a party that might not have a majority the ability to put pressure on the...
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Oct 17, 2013
10/13
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CNN
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the debt ceiling raised until early februa. federal workers will receive pay dating back to the start of the shutdown so folks, you're going to get paid for not working. negotiations will begin between the house and the senate on a longer term budget deal. the senate voted overwhelmingly to support this bill 81-18 with majority with many republicans saying yes. the house gave its okay. the result there was a little bit closer. majority of republicans there said no, still 87 as you can see there did vote for it, joining 100%, every single democrat in that chamber. our jim acosta begins our coverage. >> the motion is adopted. >> reporter: just as the nation was on the brink, the house of representatives blinked. and passed the better senate compromise to raise the nation's debt ceiling. after a 16-day shutdown, the federal government will come back to life. thousands of employees returning to work in washington to critical medical research programs, to national parks, even the panda cam and the national zoo. >> we will begin reop
the debt ceiling raised until early februa. federal workers will receive pay dating back to the start of the shutdown so folks, you're going to get paid for not working. negotiations will begin between the house and the senate on a longer term budget deal. the senate voted overwhelmingly to support this bill 81-18 with majority with many republicans saying yes. the house gave its okay. the result there was a little bit closer. majority of republicans there said no, still 87 as you can see there...
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Jan 15, 2013
01/13
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FOXNEWSW
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senator against the debt ceiling, he talked in essence how irresponsible it was to raise the debt ceiling. what in the world happened between then and now? why does somebody responsible for something raise the debt ceiling that wasn't before? what's the difference? >> i think that the president was terribly irresponsible, to say he's not talking about it because he's above it to blame congress, in part congress creates this problem, but we're going to solve this problem. i got elected to uphold the constitution and leave this country better than how we found we can't keep spending our kids inheritance, can't keep spending their money, we don't have it. >> greta: apparently he has threatened, i think his statement, at least people-- that in the event, congress doesn't authorize to raise that debt ceiling that he will do it unilaterally himself and he thinks he has the authority. do you >> absolutely not. under the 14th amendment of the constitution you can only do this as authorized by law and law is only created through the united states congress. so the president has absolutely no ground
senator against the debt ceiling, he talked in essence how irresponsible it was to raise the debt ceiling. what in the world happened between then and now? why does somebody responsible for something raise the debt ceiling that wasn't before? what's the difference? >> i think that the president was terribly irresponsible, to say he's not talking about it because he's above it to blame congress, in part congress creates this problem, but we're going to solve this problem. i got elected to...
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Jan 15, 2013
01/13
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CNBC
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the debt ceiling to avoid a potentially disastrous debt default. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it doesn't create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit rating saying oh, i know how we can save money we won't pay our credit card bills. not the most effective way to improve your credit rating. >> but the chairman was fairly upbeat on the outlook for u.s. growth. but, gave no clear hints on when the fed would curb its aggressive bond purchases. we'll have more on the debt ceiling in the next hour when we speak to senator rob portman. you guys, wilbur, you also said we have -- we are fully ready with inflation, we have all the tools we need to exit. >> well, i caution a little bit. historically the fed has always bought short-term paper and it's easy then to raise the interest rates. again you let the paper roll off, you sell it. now they've been buying long-term paper. rates start to go up
the debt ceiling to avoid a potentially disastrous debt default. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it doesn't create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit rating saying oh, i know how we can save money we won't pay our credit card bills. not the most effective way to improve your credit rating....
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on october 17th, america will go into default, unless congress raises the debt ceiling, the amount of money the country can borrow. the obama administration is warning that social security benefits for millions of americaning could be put on hold, john and diana? >> tahman bradley live for us in washington this morning. thank you. >>> brings us to our facebook question of the day. what do you blame most for the shutdown. darlene says, the tea party and those afraid to stand up to them. karen is pointing the blame at democrats. i blame harry reid and obama. in that order. kim says, all of them. there is no one side. they each have a part. >>> suspected terror mastermind abab anas al libi, can be held without giving miranda rights. he is wanted in connection with the bombing of two baertss in africa, that killed hundreds of people. >>> police have made a fourth arrest in the terrifying rod rage incident between motorcyclists and the driver of an suv. police say a 29-year-old brooklyn man has been arrested on charges that include gang assault. detectives are looking for three more people
on october 17th, america will go into default, unless congress raises the debt ceiling, the amount of money the country can borrow. the obama administration is warning that social security benefits for millions of americaning could be put on hold, john and diana? >> tahman bradley live for us in washington this morning. thank you. >>> brings us to our facebook question of the day. what do you blame most for the shutdown. darlene says, the tea party and those afraid to stand up to...
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Sep 19, 2013
09/13
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MSNBC
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if you don't raise the debt ceiling an economic calamity. they are saying let the chips fall where they may. astounding. >> a really frightening thing. one thing interesting about this discussion, if you ask people do you think we should raise the debt ceiling, the majority of people will say no. if you ask people do you think we should pay our debts and stand by our debts and not default on our debt, an even larger number of people say, no, we shouldn't do that. we certainly should pay our debt. in part it's how you define the question. i think people want the government to act responsibly. on the one hand they think raising the debt ceiling is not responsible. they also know it's irresponsible to default on your debt. there's a lot of confusion out there about what's at stake. what's at stake, if we don't pay our bills we crash the economy, not just here but across the globe. that is a disaster. some republicans may be comfortable with that. i don't think most americans are, most independent voters aren't, boehner, they know that. they are
if you don't raise the debt ceiling an economic calamity. they are saying let the chips fall where they may. astounding. >> a really frightening thing. one thing interesting about this discussion, if you ask people do you think we should raise the debt ceiling, the majority of people will say no. if you ask people do you think we should pay our debts and stand by our debts and not default on our debt, an even larger number of people say, no, we shouldn't do that. we certainly should pay...
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Jan 12, 2013
01/13
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FOXNEWSW
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we're gonna raise it most likely, the debt ceiling. we'll probably see a lot of discussion from the rating agencies with our ability to pay on that. and as a result of it, and what it comes back to our wallet, is that is also going to be inflationary because of our credit rating drops, that means we're going to have to go out and actually pay more money on the interest because there is going to be greater risk on our bonds, which means there will be less money in the economy and we'll see a ripple effect. bottom line, hyper inflation maybe, but definitely rising prices, less money in our pockets. >> okay. i think we're trying to -- starting to get it back to where i wanted to get with you, which is talk more about what this is going to mean for the average person at home and when we talk about credit ratings and credit histories, we all have our own credit ratings that we have to worry about that we try to maintain a good credit history and a good standing with potential lenders out there. so what does it mean, if i pay all of my bills
we're gonna raise it most likely, the debt ceiling. we'll probably see a lot of discussion from the rating agencies with our ability to pay on that. and as a result of it, and what it comes back to our wallet, is that is also going to be inflationary because of our credit rating drops, that means we're going to have to go out and actually pay more money on the interest because there is going to be greater risk on our bonds, which means there will be less money in the economy and we'll see a...
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Jan 5, 2013
01/13
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CSPAN
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i think risking government shutdown, risking not raising the debt ceiling, is playing with fire, and it is my strong recommendation to my caucus, to the house democratic caucus, and to the president that we make it clear, not in the middle of february, but from next week on that we are not going to do that. if anyone wants to come in and negotiate and says we will do this only -- we will raise the debt ceiling only if you do a, b, c, they will not have a good negotiating partner. i would bet that they not go forward with that. if they are convinced -- those who want to use the debt ceiling as a tool to bring change that they want, if they realize for sure that they are not going to have a negotiating partner, they will have to find another route to bring their change. the only way they get leverage is when they think we might negotiate on this issue. it was very sad that in 2011 when that happened, and i think there's a strong consensus not to repeat what i would call -- what most of us would regard as a mistake. ok, thank you, everybody. >> next, live your calls and comments on the
i think risking government shutdown, risking not raising the debt ceiling, is playing with fire, and it is my strong recommendation to my caucus, to the house democratic caucus, and to the president that we make it clear, not in the middle of february, but from next week on that we are not going to do that. if anyone wants to come in and negotiate and says we will do this only -- we will raise the debt ceiling only if you do a, b, c, they will not have a good negotiating partner. i would bet...
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Sep 26, 2013
09/13
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CNN
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to raise a debt ceiling but with a catch. looping with it, a lengthy list of gop priorities, from the keystone pipeline, tax reform, to delaying obama care for a year. it's a direct challenge to the president. >> i will not negotiate on anything when it comes to the full faith and credit of the united states of america. >> now, the president says i'm not going to negotiate. quell, i'm sorry, but it just doesn't work that way. >> reporter: the reality is republican leaders are also doing this as a negotiating tactic with their own restive conservatives. senior gop source admit to cnn they have learned the hard way to manage unpredictable hard-liners, leaders have to first show they're -- is it something you could support? >> i'm not sure. >> reporter: even this plan that democrats dismiss as gop -- doesn't satisfy some republicans. >> the plan right now does not address the spending. >> reporter: that brings us to the more imminent october 1st deadline over funding the government. >> we have no interest in seeing a government
to raise a debt ceiling but with a catch. looping with it, a lengthy list of gop priorities, from the keystone pipeline, tax reform, to delaying obama care for a year. it's a direct challenge to the president. >> i will not negotiate on anything when it comes to the full faith and credit of the united states of america. >> now, the president says i'm not going to negotiate. quell, i'm sorry, but it just doesn't work that way. >> reporter: the reality is republican leaders are...
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Jan 15, 2013
01/13
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>> because there was no imminent threat of the debt ceiling not being raised, right? these were protest vote ofs, as opposed to organized efforts -- >> neil: i don't know. i covered at the time. that was a close call. that was a close call. every prominent democrat voted to stop it. you are right nretrospect tdidn't happen and like the prior incidents, it never happened. but i just worry about giving a president of either party cart blanch authority to go ahead and raise the debt ceiling t. does take away, what little incentive and back bone there is to show a back bone, doesn't it? >> i don't agree. neil, i have a lot of respect for you and this show. i just don't agree with you. what i wish would happen right now, let paul ryan -- the republicans are in control of the house. they have a budget committee chairman who is nationally regarded, vice-president of the republican party. let him hold hearings, engage the american people, pass a budget, challenge the democrats to meet him halfway -- >> neil: i am not saying -- [overlapping dialogue] >> neil: but they do come
>> because there was no imminent threat of the debt ceiling not being raised, right? these were protest vote ofs, as opposed to organized efforts -- >> neil: i don't know. i covered at the time. that was a close call. that was a close call. every prominent democrat voted to stop it. you are right nretrospect tdidn't happen and like the prior incidents, it never happened. but i just worry about giving a president of either party cart blanch authority to go ahead and raise the debt...
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Oct 8, 2013
10/13
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ALJAZAM
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>> america does have a debt problem, but at the same time not raising the debt ceiling is not the way to handle the debt problem. at this point we have to raise the debt ceiling to avoid a catastrophic economic event. >> could a debt default, we've been talking about it with jonathan betz. could a debt default be worse or as bad as the crisis of 2008? >> it could have global ramifications. >> how so? >> for example, we might lose the credibility with our creditors abroad, so they may not be willing to buy any u.s. debt. even the bonds that we have out there now might become due, and we won't be able to roll that over and get anybody to lend money to us any more. >> that brings us to the point of the chinese vice foreign minister fro and from japan, wht would the international ramifications of a default be? what would they be? >> for example, the value of the dollar would tumble. that would have huge impacts on everybody globally. the u.s. currency is still the global currency. this would effect everybodi' economy. but locally here in the u.s. it would definitely have an impact on advi
>> america does have a debt problem, but at the same time not raising the debt ceiling is not the way to handle the debt problem. at this point we have to raise the debt ceiling to avoid a catastrophic economic event. >> could a debt default, we've been talking about it with jonathan betz. could a debt default be worse or as bad as the crisis of 2008? >> it could have global ramifications. >> how so? >> for example, we might lose the credibility with our creditors...
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Jan 15, 2013
01/13
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MSNBCW
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. but to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it is absurd. the full faith and credit of the united states of america is not a bargaining chip. and they had better choose quickly because time is running short. >> house republicans continued to threaten to use the debt ceiling as a bargaining chip. house republican conference chairwoman kathy rogers told "political" i think it is possible we would shut down the government to make sure that president obama understands that we're serious. well, i guess that would do it. we always talk
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. but to even entertain the idea of this happening, of...
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Oct 13, 2013
10/13
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ALJAZAM
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the debt ceiling - not raising the debt ceiling, just thou talk about. the vote failed - with the help of some democrats, harry reid did it. the democrats had a meeting with the president in the oval office to get everyone on the same page. that followed a meeting in the room surrounding the senate chamber, involving harry reid, and mitch mcconnell and other senator republicans. the meeting was good, said harry reid afterwards. there may be movement, we don't know. >> we are four days from the october 17th default deadline, right? >> we really are, yes. >> two weeks into the government shutdown, and there has been polling that has been bad for both parties - clearly worse for the republicans, right? >> yes. >> surely there'll be a point where voters say, "i don't care who is more responsible, who i feel is more responsible. i need someone to fix this." >> there was an n b.c. washington "wall street journal" poll with a 22% difference between who people blame. they blame the republicans more than the president by a margin of 22 points. so that is very, ve
the debt ceiling - not raising the debt ceiling, just thou talk about. the vote failed - with the help of some democrats, harry reid did it. the democrats had a meeting with the president in the oval office to get everyone on the same page. that followed a meeting in the room surrounding the senate chamber, involving harry reid, and mitch mcconnell and other senator republicans. the meeting was good, said harry reid afterwards. there may be movement, we don't know. >> we are four days...
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Jan 12, 2013
01/13
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CSPAN
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the debt ceiling and president obama's raising priorities for the second term. what if tomorrow morning at 10:00 and later on at 6:00 p.m. eastern here on c-span. >> if you ask how many are libertarians, depending on which poll you look at he might be getting between 10% and f-15s term. if the people a battery of questions about different ideological things, and any track those, you get up to maybe 30% of americans calling themselves libertarian. if you ask them if they're economically conservative but socially liberal you get over half of american saying that is what they are appeared just because people say these things does not mean they really believe them. if the ask most americans do you want smaller government and they say yes. i have to say roughly as low as 10%. if they were conscious and political, they could be a big movement. they could have a shared ideology and a lot of influence in colleted. >> begin implement changes to achieve a balanced budget. >> this will come i welcome him to the white house to discuss a wellhead in afghanistan. i want to up
the debt ceiling and president obama's raising priorities for the second term. what if tomorrow morning at 10:00 and later on at 6:00 p.m. eastern here on c-span. >> if you ask how many are libertarians, depending on which poll you look at he might be getting between 10% and f-15s term. if the people a battery of questions about different ideological things, and any track those, you get up to maybe 30% of americans calling themselves libertarian. if you ask them if they're economically...
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Oct 20, 2013
10/13
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CNNW
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, the idea it has to separately agree to raise the debt ceiling to raise the money to pay for them invites exactly what martin said which is internal inconsistency. congress says yes, we'll vote for spending but we won't vote for debt ceiling. >> martin, above your piece was an interesting piece by a chinese economists who we all know, david lead, really respected by the chinese respect, where he said it's mystifying how the united states is acting but mystifying why china continues to buy so much american debt. he outlines a simple way the chinese could diversify into a bunch of things saying chinese have so much money they could put a trillion dollars into other country's bonds which are high quality. don't you think people in china and perhaps in other countries are wondering for themselves maybe we should diversify. we don't need those many treasury bills. >> i think that's perfectly plausible. if they regard these and they did in some ways as safest assets in the world, and then that must have taken a knock. it's clear that we're going to see this again in a few months. there will be
, the idea it has to separately agree to raise the debt ceiling to raise the money to pay for them invites exactly what martin said which is internal inconsistency. congress says yes, we'll vote for spending but we won't vote for debt ceiling. >> martin, above your piece was an interesting piece by a chinese economists who we all know, david lead, really respected by the chinese respect, where he said it's mystifying how the united states is acting but mystifying why china continues to...
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Oct 3, 2013
10/13
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CNBC
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the longer we go after october 17th without raising the debt ceiling, the more likely that risk-free designation for treasuries will vanish and the full faith and credit provision will be rendered meaningless. still, though, buffett defined the cooler heads prevail thesis for the moment. it was refreshing and soothing. but soon after buffett made his comments, jack lew came right out swinging making it very clear that catastrophe is still on the table come october 18th. he made it seem more dire than ever. what's the truth? that's the issue. we don't know what the truth is which is why during the last debt ceiling standoff in 2011 former president bill clinton said that president obama should invoke the 14th amendment of the constitution without hesitation, he said, to raise the ceiling and force the courts to stop me. back then the president said his lawyers thought this argument wouldn't win. and the clause that emboldens clinton is open to a lot of interpretation. seems like a winner if you read the phrase out of context. but including debts incurred for payments of pensions and b
the longer we go after october 17th without raising the debt ceiling, the more likely that risk-free designation for treasuries will vanish and the full faith and credit provision will be rendered meaningless. still, though, buffett defined the cooler heads prevail thesis for the moment. it was refreshing and soothing. but soon after buffett made his comments, jack lew came right out swinging making it very clear that catastrophe is still on the table come october 18th. he made it seem more...
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Jan 3, 2013
01/13
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CSPAN
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host: you have any reluctance in raising the debt ceiling? guest: there's always a reluctance about raising the debt ceiling, always reluctant when you are on the edge. clearly, every decision that has to be made here, whether it's immigration or the debt ceiling or the budget, those kinds of things if after the carefully crafted and considered, because there are so many facets. i learned as a legislator in texas that there's this thinks called unintended consequences, that usually makes a big difference that you have to factor in. host: back in texas, while the 100th of congress is finishing up their work, you were watching these votes very late in the night, new year's eve, a senator voting on new year's day at 2:00 a.m. what were you thinking about coming here after those type of folks? guest: it was a pretty phenomenal thing to watch. i was thinking, i hope we are not that bad. i hope to do better. as i have read the press headlines this morning, the last congress did not get very good reviews. i hope the congress i'm a part of work toget
host: you have any reluctance in raising the debt ceiling? guest: there's always a reluctance about raising the debt ceiling, always reluctant when you are on the edge. clearly, every decision that has to be made here, whether it's immigration or the debt ceiling or the budget, those kinds of things if after the carefully crafted and considered, because there are so many facets. i learned as a legislator in texas that there's this thinks called unintended consequences, that usually makes a big...
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Sep 20, 2013
09/13
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FOXNEWSW
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so raising the debt ceiling doesn't increase debt. let's take a walk back to march of 2006 when senator obama made a dire speech about the dangers of raising the debt. he said, quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure. it is a sign that the u.s. government cannot pay uh its own bills. our federal debt increased by $3.5 trillion to $8.6 trillion. that's trillion, with a t. this rising debt is a hidden domestic enemy. what happened to that guy? here to debate the hypocrisy, radio, tv, talk show host, billy cunningham. from the fox news channel tamara holder. raising the debt ceiling doesn't increase the debt. what do you got there? >> hannity happy candy. >> what is that? >> they're happy candies. the reason why i brought these is the last time -- >> yeah ? >> you should try one. it will make you happy. i feel conservatives are so angry. you know, right now i'm getting these crazy -- >> i'm laughing my head off. >> i think this is a prop ohher opportunity for you to ap
so raising the debt ceiling doesn't increase debt. let's take a walk back to march of 2006 when senator obama made a dire speech about the dangers of raising the debt. he said, quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure. it is a sign that the u.s. government cannot pay uh its own bills. our federal debt increased by $3.5 trillion to $8.6 trillion. that's trillion, with a t. this rising debt is a hidden domestic enemy. what...
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Jan 9, 2013
01/13
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CNBC
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this president has made clear he not only wants the debt ceiling raised. let's not forget, he wanted the debt ceiling eliminated. that is the kind of negotiating that he is putting forward even though he said he is going to have to negotiate. that is what he said for a long time. if the gop plays his cards right and sticks to the spending see kwaester, i think that will put obama back think the defense. stick around. we have much more cooking for you. but look, i shothought obamacar was supposed to keep costs down. we are going to tell you why. later on, team obama going all out an gun control. i'm glad they are meeting with the nra. but now senator feinstein wants to ban gun control. we'll be right back. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card fr
this president has made clear he not only wants the debt ceiling raised. let's not forget, he wanted the debt ceiling eliminated. that is the kind of negotiating that he is putting forward even though he said he is going to have to negotiate. that is what he said for a long time. if the gop plays his cards right and sticks to the spending see kwaester, i think that will put obama back think the defense. stick around. we have much more cooking for you. but look, i shothought obamacar was...
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Jan 15, 2013
01/13
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CNNW
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. >> well, good luck with tha >>> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and water not a dead beat nation. >> sounds simple, doesn't it? but like so many other crises and standoffs from the past two years, raising the nation's debt ceiling is a zero sum props. somebody wins only if somebody else loses. we're speaking of of course politically here, not financially. economically it's hard to find any winners if the treasury can't close the budget gap. runs about $100 million every month. my next guest worries about it a lot. signor partner and managing director of the boston consulting group and author and columnist. so this becomes tricky for people tound, but essentially the debt ceiling, is it the kind of tool that anybody should be used in order to force people to be more austere in the way they spend in the future? >> well, it's a way to do it, but it's a very dangerous way to do it because we start playing with everybody in our economy eye lives. so if we hit the debt ceiling and we don't have a bill
. >> well, good luck with tha >>> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and water not a dead beat nation. >> sounds simple, doesn't it? but like so many other crises and standoffs from the past two years, raising the nation's debt ceiling is a zero sum props. somebody wins only if somebody else loses. we're speaking of of course politically here, not financially. economically it's hard to find any...
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Oct 18, 2013
10/13
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MSNBCW
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the debt ceiling. the president was able to sign that legislation, doing both those things, just after midnight. but then this morning, with the government slowly starting to reopen. president obama made remarks at the white house, speaking before some federal employees who had been furloughed during the shutdown. and he talked at the white house about what just happened, about what he thinks ought to be learned about what just happened. and what he hopes happens next. and when he made these remarks today at the white house, he sounded a little bit like 2008 again. he went back to the very first themes, the very first basic message that he ran on in the first place in 2008. the message that washington has to change, that there has to be a more adult way of handling the governing of the country, that we need to grow up and prioritize good governance in washington over everything else that seems to drive us instead. >> but, all my friends in congress, understand that how business is done in this town has
the debt ceiling. the president was able to sign that legislation, doing both those things, just after midnight. but then this morning, with the government slowly starting to reopen. president obama made remarks at the white house, speaking before some federal employees who had been furloughed during the shutdown. and he talked at the white house about what just happened, about what he thinks ought to be learned about what just happened. and what he hopes happens next. and when he made these...
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Oct 17, 2013
10/13
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CNN
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point, yeah. >> but you wouldn't have threatened to not raise the debt ceiling. you're just saying you would have been negotiating. >> as a negotiation. you vet out there ultimately the end fact there was going to be a deadline of october 17th but not threaten to do it but have it out there as a negotiating point which has worked out pretty well in past years. >> not a threat just an opportunity. >> an implied threat. opportunity. not actually say you're going to shut it down. but it was there. it's worked in the past. worked in 2011. certainly worked with -- >> worked in 2011? the stock market went down almost 2,000. >> we got more cuts in the last two years since the korean war. two conservative yea two consecutive years of cuts. i go back to 1980s during the reagan years where they did have solid negotiations going into the debt ceiling. >> thank you so much, congressman. >> i want to ask you about democrats but we'll talk more. >> dana and gloria don't go anywhere. the compromise to fund the government made its way through congress. we'll talk to one house re
point, yeah. >> but you wouldn't have threatened to not raise the debt ceiling. you're just saying you would have been negotiating. >> as a negotiation. you vet out there ultimately the end fact there was going to be a deadline of october 17th but not threaten to do it but have it out there as a negotiating point which has worked out pretty well in past years. >> not a threat just an opportunity. >> an implied threat. opportunity. not actually say you're going to shut it...
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Oct 17, 2013
10/13
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MSNBCW
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and raise the debt ceiling. banner had refused a vote on that. most republicans did not like the idea and wanted to keep adding more ransom demands. none of which they got. finally, wednesday night, tonight, john boehner said he would allow a vote to raise the debt ceiling. tonight he finally did it. the white house had insisted that there are no winners, but nobody is coming out on top and it may be true that nobody wins here. but somebody definitely lost here, and the story of john boehner leading the house republicans since the got control of congress in 2011 is a remarkable story of failure. we have not had two near defaults, two brushes up against the debt ceiling, one government shutdown and no legislation of any significance at all since he has been speaker. he has been unable to roll back any accomplishments of the democrats on that time. the means by which john boehner has failed over the past three years have been public, all happening in the open. we ought to be able to predict them, but it's always s
and raise the debt ceiling. banner had refused a vote on that. most republicans did not like the idea and wanted to keep adding more ransom demands. none of which they got. finally, wednesday night, tonight, john boehner said he would allow a vote to raise the debt ceiling. tonight he finally did it. the white house had insisted that there are no winners, but nobody is coming out on top and it may be true that nobody wins here. but somebody definitely lost here, and the story of john boehner...
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Oct 21, 2013
10/13
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ALJAZAM
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goin debt ceiling. >> it was a close call. >> there was a faction that took control of the direction of this tediedebate. i would look at what republican lieders have said to themselves. i think the message that we have to send going forward this was a tunnel ee turnina -- turning poy night. and it won't happen again. it can't happen again. >> it was a turning point for the country that won't be allowed to happen again. >> same sex marriage is legal in new jersey. the supreme court rejected a request. the state's newly elected senator has been officiating same sex marriages since 1 12:stloi 1. 12:01. >> i wouldn't officiate marriages gay and les lesbian americans were second class citizens and they didn't have equal rights and equality under the law. now we do. this is a day of rejoicing. >> it's the law for now. it could be thrown out. in january the high court will here appeals against same sex marriage in new jersey. >> in egypt police and students clashed over the weekend. ththey were protesting the poli. fights broke out when the students marched off campus. >> also in egypt thr
goin debt ceiling. >> it was a close call. >> there was a faction that took control of the direction of this tediedebate. i would look at what republican lieders have said to themselves. i think the message that we have to send going forward this was a tunnel ee turnina -- turning poy night. and it won't happen again. it can't happen again. >> it was a turning point for the country that won't be allowed to happen again. >> same sex marriage is legal in new jersey. the...
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Jan 24, 2013
01/13
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CURRENT
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starting with the debt ceiling. 111 democrats voted against raising the debt ceiling. was this all about the no budget no pay provision are the democrats trying to stick it to the g.o.p. >> i think the latter and i think the more constitutionalists among them assuming that they are there that the amendment mattered more to them. but emotionally they probably wanted to make boehner pass this bill with his republicans. you know, in a way don't blame them for that. it's a harmless game. there are harmful games and harmless games. that was a relatively harmless one. obama also supported the passage of this, john, i think that if it had been in danger i think enough democrats would have switched over and voted yes. i think they were just trying to make a point. >> john: that makes me feel better. but let me ask you something the number one criticism from my republican friends has been so budget has been passed. why can't you democrats pass a budget how shameful. how should democrats respond to this? >> well, it is true that they haven't passed a budget. you can say that mat
starting with the debt ceiling. 111 democrats voted against raising the debt ceiling. was this all about the no budget no pay provision are the democrats trying to stick it to the g.o.p. >> i think the latter and i think the more constitutionalists among them assuming that they are there that the amendment mattered more to them. but emotionally they probably wanted to make boehner pass this bill with his republicans. you know, in a way don't blame them for that. it's a harmless game....
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Sep 13, 2013
09/13
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FOXNEWS
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obama is absolutely serious about not raising the debt ceiling. let the republican party do it. >> the republicans aren't budging either. it's another place where they both just stair at each other. >> pooif done shows we stay until midnight on the day they're shutting down the government at midnight. at 11:59 they come up with a deal. we all oh thank god they didn't shut down the government. >> in the 90s, that actually happened. >> i wasn't around? >> you were a kid. >> they're working on animation where the red eye covers the debt ceiling right now. you will not be forced to stay again like last time. coming up straight ahead, a serious topic. this droung driver put out a video confession saying he killed a man and wanted to take credit. why did he just plead not guilty in court? it could make ♪ >>> welcome back. we love fox and friends here at the five. i've sat in from time to time i know what it's like to work with those fellows. on monday, elizabeth will join the team. i don't know if she knows what she's gotten herself into. >>> i'm so e
obama is absolutely serious about not raising the debt ceiling. let the republican party do it. >> the republicans aren't budging either. it's another place where they both just stair at each other. >> pooif done shows we stay until midnight on the day they're shutting down the government at midnight. at 11:59 they come up with a deal. we all oh thank god they didn't shut down the government. >> in the 90s, that actually happened. >> i wasn't around? >> you were a...
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Oct 16, 2013
10/13
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FOXNEWSW
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sure, politically,. >> in 2004 you were against raising the debt ceiling. at that point he we were in danger of going over that debt ceiling, and abandoning the full faith and credit of the united states treasury just like we are now. but you took completely done a full circle. >> well, no, no, no. iffound anybody that understands how politics work here, the question someone should have asked me is that are you prepared to have the united states government to default because rangel you have your private agenda and i would say please back off because there is nothing i can think of that what i caused jeopardizing the full faith and credit of the united states of america. now, with every hand debt ceiling, of course, the opposition raises questions. we never thought that we would just be happy that the government was closing down. no, no, no. there is something in the water today that didn't exist when i resisted increasing the debt ceiling and you know it. >> i think it's a republican in the white house then versus a democrat now. i don't know. >> well, that
sure, politically,. >> in 2004 you were against raising the debt ceiling. at that point he we were in danger of going over that debt ceiling, and abandoning the full faith and credit of the united states treasury just like we are now. but you took completely done a full circle. >> well, no, no, no. iffound anybody that understands how politics work here, the question someone should have asked me is that are you prepared to have the united states government to default because rangel...
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Sep 19, 2013
09/13
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CNN
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debt ceiling? you say no negotiations whatsoever? >> no, wolf, we've said this, we're happy to discuss spending cuts. we're happy to discuss shutting down some tax loopholes like the ones for big oil companies. in fact, just last night i asked for the eighth time to have a vote in the house on a proposal to replace the sequester with a proposal that would get the same amount of deficit reduction, even more deficit reduction, without the deep, immediate cuts caused by the sequester, which we know are dragging down the economy. republicans wouldn't allow us a vote on that proposal. so, let's be really clear the president is more than happy to negotiate with republicans on budget issues, where to cut, whether to cut tax loopholes. where he will not negotiate is whether or not the united states pays its bills on time, whether or not we live up to the full faith and credit of the united states. and we all know that if the united states ever did default, it would send our economy into a big downward spir
debt ceiling? you say no negotiations whatsoever? >> no, wolf, we've said this, we're happy to discuss spending cuts. we're happy to discuss shutting down some tax loopholes like the ones for big oil companies. in fact, just last night i asked for the eighth time to have a vote in the house on a proposal to replace the sequester with a proposal that would get the same amount of deficit reduction, even more deficit reduction, without the deep, immediate cuts caused by the sequester, which...
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Jan 5, 2013
01/13
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CNNW
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the president's going to have to raise it, and the debt ceiling is not the problem. the problem is the debt and the spending that's driving the debt. and so the number one thing is to avoid, "a," the notion that speaker boehner can trot down to the white house and somehow we can solve the nation's problems or, "b," that we want do this at the 11th hour at all. instead we want our congress and our president to do their job. and i for one believe that in moments like this, presidential leadership is an imperative. but the president doesn't want to put a plan out, and he's shown no appetite for taking on this problem. then the house should pass something, and the senate needs to act. all right, robert. >> they have not had the senate pass anything in years. >> robert, shouldn't the president be the one that comes out with a plan and says this, look, i'm so sick of this petty, stupid, sandbox unpleasantness rather than the word i would prefer to use there, i'm sick of it, and so i'm going to put out, here's my plan. >> yes. erin, the president has put out a plan. he put
the president's going to have to raise it, and the debt ceiling is not the problem. the problem is the debt and the spending that's driving the debt. and so the number one thing is to avoid, "a," the notion that speaker boehner can trot down to the white house and somehow we can solve the nation's problems or, "b," that we want do this at the 11th hour at all. instead we want our congress and our president to do their job. and i for one believe that in moments like this,...
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Oct 16, 2013
10/13
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FBC
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that debt ceiling on time and i don't think there's any question on that. charles: what about the notion that because of what happened today in the house, that the senate democrats have an opportunity to go and attack sequestration or take sequester out of the equation even though it could've been something that both sides would have included just hours ago? >> i think that the senate democrats attempt to take off as minor spending cuts that we have put into place and they have created a default on america's debt and i think that that would be a terrible decision on their part. charles: the most famous republican in history when fed a house divided against itself cannot stand. the republican party at this particular times seems to be a house divided against itself. it is the right kind of leadership in washington to bring them together even when they disagree on things? >> i don't think there's any question that we are very divided at this point. that limits our ability to shape the government and a significant way. i don't think it's a case of simply of le
that debt ceiling on time and i don't think there's any question on that. charles: what about the notion that because of what happened today in the house, that the senate democrats have an opportunity to go and attack sequestration or take sequester out of the equation even though it could've been something that both sides would have included just hours ago? >> i think that the senate democrats attempt to take off as minor spending cuts that we have put into place and they have created a...
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Sep 26, 2013
09/13
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is in jeopardy raise the debt ceiling without condition. when it comes to cutting two-thirds of americans prefer targeted cuts to those in the sequester. two-the thi o two-thirds say the sequester didn't impact their family. when it says to who is responsible for washington dysfunction? congressional republicans take the blame. in february, president obama was nine points better than the republicans on that. >> i'm looking specifically. there was a poll i sent you guys specifically from bloomberg that said, like, 62, 63% of americans said they didn't want a clean debt limit raising. they wanted cuts attached to it. >> sure. >> they feel congress doesn't have the discipline to do this themselves and you can't get anything done without a negotiation these days. why not come to the table, sit at the table and use it as a way -- because they say sequester is bad but they want targeted cuts. >> right. >> that's what they are looking for. i thought the last statistic in the poll, mmee, ka -- mika, abot sharing the blame, that puts him in a tough
is in jeopardy raise the debt ceiling without condition. when it comes to cutting two-thirds of americans prefer targeted cuts to those in the sequester. two-the thi o two-thirds say the sequester didn't impact their family. when it says to who is responsible for washington dysfunction? congressional republicans take the blame. in february, president obama was nine points better than the republicans on that. >> i'm looking specifically. there was a poll i sent you guys specifically from...